Resolution 15-010 Authorize the City Manager to Apply for an Alaska Drinking Water Fund for the Water Distribution/Storage Improvement Project

Summary

A Resolution of the City Council of Homer, Alaska, Authorizing the City Manager to Apply for an Alaska Drinking Water Fund (ADWF) Loan for Phase I of the Homer Water Distribution/Storage Improvement Project in the Amount of $594,075. City Manager/Public  Works Director.

Ordinance/Resolution ID: 
15-010
Ordinance/Resolution Status: 
Adopted
Effective Date: 
01/26/2015
File Attachments: 

Details

CITY OF HOMER

HOMER, ALASKA

City Manager/

Public Works Director

RESOLUTION 15-010

 

A RESOLUTION OF THE CITY COUNCIL OF HOMER, ALASKA, AUTHORIZING THE CITY MANAGER TO APPLY FOR AN ALASKA DRINKING WATER FUND (ADWF) LOAN FOR PHASE I OF THE HOMER WATER DISTRIBUTION/STORAGE IMPROVEMENT PROJECT IN THE AMOUNT OF $594,076.

 

WHEREAS, Public Works has completed the design of various water distribution system and water storage improvements utilizing Environmental Protection Agency  Special Act Appropriations Project (EPA SAAP) funds specifically appropriated for water system improvement design, as authorized by the City Council; and

 

WHEREAS, The first phase of this project was the subject of an Alaska Department of Conservation (ADEC) municipal grant application; and

 

WHEREAS, The grant application scored second statewide and is currently one of four projects in the State FY16 budget funded through the ADEC Municipal Grants Program; and

 

WHEREAS, The grant will provide for 70% of the cost of the construction of these improvements; 30% is a City match; and

 

WHEREAS, Public Works proposes to finance this match (as done previously on similar projects) utilizing a low interest (1.5%) ADWF loan; loan payments to be made from the Homer Accelerated Water/Sewer Program (HAWSP) over a 10-20 year period.

 

NOW, THEREFORE, BE IT RESOLVED that the Homer City Council hereby authorizes the City Manager to apply for an Alaska Drinking Water Fund low interest loan to finance the City’s ADEC Municipal Grant Program match for the Homer Water Distribution/Storage Improvement (Phase I) project in the amount of $594,076 and authorizes the City Manager to submit the appropriate documents.

 

               BE IT FURTHER RESOLVED that approval to execute loan documents will require additional action by the Council.

 

               PASSED AND ADOPTED by the Homer City Council this 26th day of January, 2015.

 

                                                                                         

CITY OF HOMER

 

 

                                                                                          ____________________

MARY E. WYTHE, MAYOR

 

ATTEST:

 

 

___________________________

JO JOHNSON, MMC, CITY CLERK

 

Fiscal Note: N/A